Underwriting & Pricing
Product Recall Capacity Needed for Life Sciences Segment
The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the industry in general has been increasing, insurers have been wary about offering more ...
NFIP Policy Cancellation Statistics: No Loss, No Insurance
A Wharton School professor advocates a multiyear flood insurance policy as part of a program aimed at getting owners of flood-prone properties to invest in loss prevention and to hold onto their ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...Meadowbrook Cuts Credit Facility to Meet Loan Covenants
Meadowbrook Insurance Group Inc., which had its rating cut in early August by A.M. Best, said it will reduce the funds available on a credit facility as part of an agreement to comply with loan ...
Are Multiyear Policies the Answer For Flood? Behavioral Economics Meets Insurance
Buyers and sellers of flood insurance can benefit from a longer-term perspective, and long-term multiyear policies may be the key to reforming the current system, a Wharton School professor said last ...
Berkley Underwriting Partners Is Now Berkley Program Specialists
Berkley Underwriting Partners, a W. R. Berkley company, has changed its name to Berkley Program Specialists. The company said the change better reflects its sole focus on program business. "We ...
Critics Take Aim at Crop Insurance Subsidies, Insurers’ Profits
Former American International Group Inc. chief Maurice "Hank" Greenberg has a new business partner: the U.S. taxpayer. Greenberg's Starr Indemnity & Liability Co. is one of 18 companies approved ...
NASA Launches Drones from Virginia to Study Storms
NASA scientists are using former military surveillance drones to help them understand more about how tropical storms intensify, which they say could ultimately save lives by improving forecast models ...